Getty Images (NYSE:GETY) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Getty Images (NYSE:GETY) from a strong sell rating to a hold rating in a research note published on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the stock. Weiss Ratings cut shares of Getty Images from a “sell (d)” rating to a “sell (e+)” rating in a research report on Tuesday, May 12th. Wedbush restated an “outperform” rating and set a $7.00 target price on shares of Getty Images in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $3.78.

Getty Images Trading Down 1.8%

Shares of NYSE GETY opened at $0.47 on Tuesday. The stock has a market cap of $196.49 million, a P/E ratio of -1.80 and a beta of 2.11. The firm has a 50 day moving average price of $0.71 and a two-hundred day moving average price of $0.85. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.76 and a current ratio of 0.76. Getty Images has a 52-week low of $0.36 and a 52-week high of $3.21.

Getty Images (NYSE:GETY) last announced its earnings results on Monday, May 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). The company had revenue of $226.57 million for the quarter, compared to the consensus estimate of $238.90 million. Getty Images had a negative return on equity of 17.01% and a negative net margin of 10.94%. As a group, equities analysts forecast that Getty Images will post -0.01 EPS for the current year.

Insider Activity at Getty Images

In other news, insider Michael Teaster sold 38,100 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $0.79, for a total transaction of $30,099.00. Following the completion of the sale, the insider owned 488,862 shares in the company, valued at $386,200.98. The trade was a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Cho Mikael sold 59,604 shares of Getty Images stock in a transaction on Monday, June 29th. The shares were sold at an average price of $0.94, for a total transaction of $56,027.76. Following the completion of the sale, the senior vice president directly owned 121,650 shares of the company’s stock, valued at approximately $114,351. The trade was a 32.88% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 133,355 shares of company stock worth $120,542. Corporate insiders own 12.50% of the company’s stock.

Institutional Trading of Getty Images

Several institutional investors and hedge funds have recently modified their holdings of GETY. Weiss Asset Management LP raised its position in Getty Images by 318.5% in the 1st quarter. Weiss Asset Management LP now owns 863,035 shares of the company’s stock valued at $685,000 after buying an additional 656,790 shares during the last quarter. Callodine Capital Management LP grew its position in Getty Images by 20.0% in the 1st quarter. Callodine Capital Management LP now owns 600,000 shares of the company’s stock worth $476,000 after purchasing an additional 100,000 shares in the last quarter. Alpine Global Management LLC bought a new position in shares of Getty Images during the 4th quarter worth approximately $98,000. Invesco Ltd. boosted its stake in shares of Getty Images by 39.2% in the 4th quarter. Invesco Ltd. now owns 251,944 shares of the company’s stock worth $338,000 after buying an additional 70,935 shares during the last quarter. Finally, Readystate Asset Management LP purchased a new stake in shares of Getty Images during the fourth quarter valued at approximately $3,071,000. 45.75% of the stock is owned by hedge funds and other institutional investors.

Getty Images Company Profile

Getty Images (NYSE: GETY) is a leading global provider of digital visual content, offering an extensive library of stock photography, editorial imagery, video footage and music. The company supplies creative and rights-managed assets to a broad range of industries, including advertising, media, corporate communications and publishing. Through its online platform and licensing services, Getty Images enables customers to search, license and download multimedia content for commercial and editorial use.

Founded in 1995 by Mark Getty and Jonathan Klein, Getty Images pioneered the aggregation of photographic archives into a centralized, digital marketplace.